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A retail outlet has its own production facility for producing denim cloth. The ordering cost ($150) is the cost of setting up the production process to make the denim cloth. The carrying cost is $0.75 per yard and the demand is 10,000 yards per year. The production facility operates the same days as the retail store is open (i.e. 311 days) and produces 150 yards of the denim cloth per day. Determine:
a) The optimal order size
b) The total inventory cost
c) The length of time to receive an order
d) The number of orders per year
e) The maximum inventory level
In December, general motors produced 7,200 customized vans at its plant in Detroit. The labor productivity at this plant is known to have been 0.10 vans per labor hour during that
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Based on the concept of globalization, many businesses operate and compete in a global environment. Describe the additional factors that affect/impact global supply chains.
discuss productivity in the service sector
Productivity A measure of a firm's effectiveness, productivity is measured by dividing the organization output by the number of hours people worked to procedure the output. Pro
Question 1: (a) Explain the specific steps you would take to ensure that an individual has the appropriate abilities to satisfactorily do a given job. (b) Explain the four
How common do you think it is for people to try to justify their conduct by the argument that "Everybody's doing it"?
You have a lease on an oil and gas property with 87.5% NRI that delivers your firm annual profits of $400,000 for five years, with equal production in each year (you will need to t
A single machine work center has five jobs assigned to it. They are labeled, in the order of their arrival in the shop, as jobs A, B, C, D and E. The work center may work on only o
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